Canaccord Genuity Cuts Price Target on Autodesk (ADSK) to $65 Following 2Q16 Results

Wall Street ends flat in quiet end to dramatic week

August 28, 2015 7:42 AM EDT

By Noel Randewich

NEW YORK (Reuters) - Wall Street ended a tumultuous week with a flat close on Friday as investors shrugged off concerns that a September rate rise was more likely than some investors expected.

Shares traded lower earlier in the session after Fed Vice Chairman Stanley Fischer told CNBC the Fed had not yet decided whether to raise interest rates in September. However, the market largely recovered in the final moments of trade. (Full Story)

After several volatile sessions that at one point pushed the S&P 500 to its lowest level... More

Autodesk (ADSK) PT, Estimates Lowered at Wedbush Amid Weak Results, Outlook

August 28, 2015 7:07 AM EDT

Wedbush analyst Steve Koenig reiterated a Neutral rating and lowered estimates and his price target on Autodesk (NASDAQ: ADSK) to $51.00 (from $57.00) following Q2 miss and lowered guidance.

Koening commented, "ADSK reported 2Q16 revenue of $610M (-4% Y/Y and flat in constant... More

After Hours Stocks Movers 08/27: (FCX) (ATVI) (UAL) Higher; (VNEM) (BEBE) (ADSK) (more...)

August 27, 2015 6:16 PM EDT

Violin Memory (NYSE: VMEM) 25.6% LOWER; reported Q2 EPS of ($0.19), $0.01 better than the analyst estimate of ($0.20). Revenue for the quarter came in at $15.3 million versus the consensus estimate of $18.07 million.

Freeport-McMoran (NYSE: FCX) 18.7% HIGHER; Carl Icahn filed a 13D on Freeport-McMoran (NYSE: FCX) showing a new 88,000,000 share, or 8.5%, stake in the company.

bebe stores (NASDAQ: BEBE) 9% LOWER; reported Q4 EPS of ($0.05), $0.01 worse... More

Market Wrap: Revised Q2 GDP Outpaces; Icahn Gets Active on Freeport; Facebook Surpasses User Milestone

August 27, 2015 5:24 PM EDT

Market wrap for August 27th

End of the Day: S&P 500 up 47.2 to 1,987.66; Dow Jones up 369.3 to 16,654.77; Nasdaq up 115.2 to 4,812.71

Market Brief: Markets kicked-off Thursday's session with strong upside following solid, revised Q2 GDP results. The move followed a strong rally Wednesday after two bloody days on the Street. While trading cooled during the afternoon session, a late surge caused stocks to finish near session highs.

Pending home sales rose at a slower pace than... More

Autodesk (ADSK) Tops Q2 EPS by 2c; Issues Light Q3 Outlook

August 27, 2015 4:02 PM EDT

Autodesk (NASDAQ: ADSK) reported Q2 EPS of $0.19, $0.02 better than the analyst estimate of $0.17. Revenue for the quarter came in at $609.5 million versus the consensus estimate of $612.13 million.

Autodesk sees Q3 2016 EPS of $0.05 - $0.10, versus the consensus of $0.23. The company sees Q3 revenue of $580 - $600... More

Autodesk (ADSK) to Acquire SeeControl

August 27, 2015 4:00 PM EDT

Autodesk, Inc. (Nasdaq: ADSK) has signed an agreement to acquire SeeControl, a San Francisco-based developer of an enterprise Internet of Things (IoT) cloud service platform. The SeeControl service helps manufacturers and systems integrators connect, analyze, control, and manage remote products, things, and assets and create new service revenue opportunities.

A new future of making things is emerging, where any built object, product or... More

Trading Radar for 8/26: Smuck (SJM), GameStop (GME), bebe stores (BEBE), Tiffany & Co. (TIF), Smith & Wesson (SWHC) Report

August 26, 2015 2:11 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 275kContinuing Claims - Street sees 2.249MGDP: 2nd Est. - Street sees 3.1%

Earnings:

1-800-FLOWERS.com (Nasdaq: FLWS) - consensus loss $0.14
Burlington Stores (NYSE: BURL) - consensus EPS $0.12
Destination Maternity (Nasdaq: DEST) - no... More